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Repo Car Auctions Branford CT

Repo car auctions are a great source of used vehicles at bargain prices, if you know what you're doing. Repossessed vehicles of all types are available at auction sites all over the country. Learn how it works.

Statewide Auto Auction
(203) 237-1975
1756 N. Broad St.
Meriden, CT
 
Branhaven Chrysler Jeep Dodge Ram
(877) 212-1584
348 West Main Street
Branford, CT
Car Makes
Chrysler Jeep Dodge RAM
Hours
M-Thurs 9am-8pm F-Sat 9am-5pm Sun 11am-3pm
Prices and/or Promotions
Lowest prices in CT Highest Volume Dealer!

Ms. Motorcars
(203) 530-5037
40 Foxon Hill Rd
New Haven, CT
 
Shoreline Taxi
(203) 506-8294
289 New England Road
Guilford, CT
 
Land Rover Guilford
(203) 453-7060
1700 Boston Post Road
Guilford, CT
 
Bridge Haven Ford Truck Sales Inc
(203) 877-3281
401 Old Gate Lane
Milford, CT
Services
Clutch Repair,Radiator Repair,SUV Repair,Tune up Repair,Used Car Dealers,Auto Dealers

Mc Dermott Lexus
(888) 865-2089
655 Main St
East Haven, CT

Data Provided by:
Palumbo's Automotive Unlimited, Inc
(203) 453-1788
1099A Boston Post Road
Guilford, CT
 
Mannix Chevrolet-Pontiac
(203) 453-5251
301 Boston Post Road
Guilford, CT
 
Guilford Saab
(203) 453-0396
1800 Boston Post Road
Guilford, CT
 
Data Provided by:

Repo Car Auctions

What is a repossessed (repo) car?

When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back. Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

Repossessed cars are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

Some smaller banks or credit unions may display repo cars in their own parking lots, with "for sale" signs in the window. These cars can be easily spotted when driving by the bank.

Most banks and finance companies hand over repo cars to a professional auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called "car forcloseure auctions."

When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle.

In tough economic times, repossessions become mo...

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